The proposed deal, which is expected to close during the third quarter of the year, will be the latest in a string of acquisitions for the US-headquartered NEP Group which has been busy snapping up facilities firms across Europe.

The CMI brands will continue to operate independently under their current management teams.

“We are excited to become part of NEP’s growing worldwide network of brands. Their global presence will give us a great opportunity to deliver the broad variety of unique workflow solutions that CMI has developed over the years,” said CMI chief executive Michiel van Duijvendijk.